PCAOB AUDITS & SEC COMPLIANCE

Understanding the Management’s Discussion and Analysis (MD&A) Disclosure

The Management’s Discussion and Analysis (MD&A) is an important disclosure in an annual report because it summarizes the financials and relays management’s insights into the company’s performance. Unlike other disclosures, it is written as a narrative, which allows it to offer key information in a more digestible way. What Is an MD&A? The U.S. Securities [...]

2018-12-20T15:28:22+00:00December 20th, 2018|PCAOB AUDITS & SEC COMPLIANCE|

How the SEC Bridges the Divide between GAAP and Non-GAAP Financial Measures: SEC Filings & Staff Concerns

Additional Articles in Series How the SEC Bridges the Divide between GAAP and Non-GAAP Financial Measures: Non-GAAP Measures & Requirements The SEC’s Division of Corporation Finance is cracking down on the use of non-GAAP financial measures. What is a non-GAAP measure? A non-GAAP measure is a supplemental figure that adjusts the most directly [...]

2018-11-12T15:44:26+00:00July 13th, 2017|PCAOB AUDITS & SEC COMPLIANCE|

How the SEC Bridges the Divide between GAAP and Non-GAAP Financial Measures: Non-GAAP Measures & Requirements

Additional Articles in Series How the SEC Bridges the Divide between GAAP and Non-GAAP Financial Measures: SEC Filings & Staff Concerns In this second article of the series, we will review the SEC rules regarding non-GAAP measures and discuss considerations that management should make when determining whether to include them. The Pillars of [...]

2018-11-12T15:44:43+00:00June 19th, 2017|PCAOB AUDITS & SEC COMPLIANCE|

How Do You Label and Spell IPO Relief? Believe It or Not, It’s S-E-C

Companies go public for a number of reasons, such as to raise capital, expand opportunities for growth, increase liquidity, attract employees, and create brand awareness. However, many argue that the regulatory environment for companies looking to issue an initial public offering (IPO) in the United States has become too overwhelming (perhaps even painful). In an [...]

2018-11-12T15:47:09+00:00October 17th, 2016|PCAOB AUDITS & SEC COMPLIANCE|

3 Ways Public Companies Can Iron Out Their SEC Audit Processes

You’ve hired an experienced independent registered public accountant (“public company audit firm” or “audit firm”) for your public company audit. Now what? A transition plan that includes the below elements can help you iron out the wrinkles and establish a smooth transition. 1. Balancing Resources and Agility The size and structure of the audit firm [...]

2018-11-12T15:48:51+00:00April 13th, 2016|PCAOB AUDITS & SEC COMPLIANCE|

Fight These Potential Fires: More SEC Reporting Hot Topics

Our video discussed three important topics that are currently getting a lot of attention from the SEC Staff (“Staff”). Let’s discuss two more potential flash points for which you and your accountants should be in sync—and early in the process—to make sure you are addressing any potential SEC reporting issues on the front-end. Avoid the [...]

2018-11-12T15:48:51+00:00April 12th, 2016|PCAOB AUDITS & SEC COMPLIANCE|

Avoid a Material Restatement and Get Your Financial Statements Right the First Time

According to Audit Analytics®, Financial Restatements 2014 – A Fourteen Year Comparison, during the last five years, the quantity of restatements has leveled off and the severity has remained low, but a material restatement from accelerated filers has increased for the fourth straight year. So let’s review the three main questions and answers regarding restatements: [...]

2018-11-12T15:49:21+00:00February 29th, 2016|PCAOB AUDITS & SEC COMPLIANCE|